DESIRE petroleum gets going at long last !

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swampy2 - Fri, 30 Dec 05 :

I'm trying to think why the share has gone up 25% in a couple of weeks, rigs still seem to be in high demand with companies paying over $300k / day for rigs to start in 2008, they are not signing up at these prices if they thought that oil and dayrates were going down. I have always said i thought Des will drill 2006 and do think this will happen, the only reason i can see for this positiveness in the share price is that Xmas is out of the way, about to start 2006 and suddenly talking about things happening this year is alot better than something happening next year or later. Although Des have said they are struggling to find a rig, they have never retracted the statement saying they intend drilling next year.


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